Mount Mary University Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Mount Mary University? Our Mount Mary University savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $34,390 for in-state students and $34,390 for out-of-state students, plus a 93.4% admission rate, strategic financial planning is essential for your Mount Mary University college fund.
About Mount Mary University
Mount Mary University is a highly selective institution with 703 students. The college maintains high academic standards with average SAT scores of N/A and ACT scores of 20.0. Understanding these costs upfront allows families to create an effective savings strategy for their Mount Mary University education fund.
Current Mount Mary University Costs
- In-State Tuition: $34,390 per year
- Out-of-State Tuition: $34,390 per year
- Total Students: 703
- Admission Rate: 93.4%
Use our calculator above to determine your personalized savings plan for Mount Mary University.
Smart Savings Strategies for Mount Mary University
Given the higher cost tuition costs at Mount Mary University, early planning is crucial. Consider these approaches:
1. Start Early
Begin saving when your child is young to take advantage of compound interest
2. 529 Plans
Tax-advantaged education savings accounts are ideal for Mount Mary University planning
3. Automatic Savings
Set up monthly transfers to consistently build your Mount Mary University fund
4. Investment Growth
With Mount Mary University's tuition costs, consider growth-oriented investments for long-term savings
Mount Mary University Graduate Outcomes
- Median Earnings (10 years): $48,745
- Loan Repayment Rate: 685.0
- Value Rating: Good
These outcomes show positive return on investment, making your Mount Mary University savings strategy more compelling from a financial perspective.
Frequently Asked Questions
Mount Mary University costs $34,390 per year for in-state students and $34,390 for out-of-state students. These figures represent tuition only and don't include room, board, and other expenses.
The best time to start saving for Mount Mary University is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $34,390 annual cost. Starting when your child is born gives you 18 years to save.
Mount Mary University has a 93.4% admission rate, making it highly competitive. With 703 total students and average test scores of N/A SAT and 20.0 ACT, preparation and planning are important.
Mount Mary University graduates earn a median salary of $48,745 ten years after graduation, with a 685.0 loan repayment rate. This represents positive value given the $34,390 tuition cost.
Use our Mount Mary University savings calculator above to determine your monthly savings goal. The amount depends on your child's current age, expected tuition increases, and investment returns. For current $34,390 costs, earlier planning reduces monthly requirements.
Saving $100 monthly for 18 years at 7% return will give you $43,072. This falls short of the estimated $148,225 total cost by $105,153. To fully fund college, you'd need to save at least $344 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This falls short of the estimated $148,225 total cost by $40,545. To fully fund college, you'd need to save at least $344 monthly.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $148,225 total cost for 4 years at Mount Mary University with $67,135 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $148,225 total cost for 4 years at Mount Mary University with $282,496 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $148,225 total cost for 4 years at Mount Mary University with $928,577 extra for additional expenses.